Crompton Greaves Consumer Electricals reported a 65% rise in consolidated net profit to ₹124.39 crore in the September quarter, supported by strong growth in its electric consumer durables business and higher international sales.
New Delhi, October 16 — Crompton Greaves Consumer Electricals Ltd reported a 65% increase in consolidated net profit to ₹124.39 crore for the September quarter, compared with ₹75.42 crore in the same period last year.
The company’s revenue from operations rose 18.15% year-on-year to ₹2,263.29 crore, up from ₹1,915.57 crore in the corresponding quarter a year ago.
Crompton said the revenue growth was driven by double-digit growth in general trade and its highest-ever quarterly sales in the international business.
The company’s EBITDA increased 24.1% to ₹205 crore, with an operating margin of around 9%.
According to the company, profitability was supported by disciplined price increases, cost efficiencies and operating leverage, even as the business continued to face an inflationary environment.
Total expenses during the quarter rose 17% to ₹2,113.91 crore.
Managing Director and CEO Promeet Ghosh said this was Crompton’s third consecutive quarter of strong double-digit growth across segments, with market share gains in several important categories.
The company’s electric consumer durable segment recorded a 19.36% increase in revenue to ₹1,634.49 crore.
Crompton said this was the segment’s highest quarterly growth in the last nine quarters, supported by strong performance in fans, conventional pumps, large domestic appliances and small domestic appliances.
Revenue from the lighting products business increased 14.26% to ₹298.29 crore during the quarter.
Meanwhile, revenue from Butterfly, Crompton’s subsidiary acquired in February 2022, rose 15.87% to ₹330.51 crore. The company said the business recorded healthy growth and gained market share in some categories.
Crompton’s total consolidated income, including other income, increased 18.24% to ₹2,280.84 crore during the September quarter.
Shares of Crompton Greaves Consumer Electricals closed at ₹217.20 on the BSE, up 0.63% on Friday.
The quarterly performance indicates continued demand across Crompton’s consumer electrical portfolio, with appliances, fans, pumps and international operations supporting overall growth.
